Technical analysis by CryptoNuclear about Symbol ZEN: Buy recommendation (7/1/2025)

🧠 Chart Analysis Overview (ZEN/USDT - 1W):This weekly chart of Horizen (ZEN) against Tether (USDT) reveals a long-standing accumulation zone, and current price action hints at a possible bullish reversal from a critical support level. Let's break it down:🟨 Key Technical Zone:Support Zone (Accumulation): $5.06 – $7.06This zone has acted as a major historical support area dating back to early 2021. Price has tested this zone multiple times and shown rejection, indicating strong buyer interest.🔼 Bullish Scenario:1. Price Rejection from Support:A strong bullish wick and potential bounce from the $7.06 area signals accumulation and possible reversal.2. Upside Targets (Resistance Levels):$10.55$14.71$20.51$30.08$49.78Long-Term Targets: $108.12, $144.81, $169.233. Pattern Indication:The price action resembles a triple bottom formation within the accumulation zone — a classic reversal pattern. The yellow projection shows a possible V-shape recovery or rounded bottom scenario.4. Trigger Confirmation:A weekly close above $10.55 would be a confirmation trigger for continuation toward the next resistance levels.🔽 Bearish Scenario:1. Failure to Hold Support:If ZEN fails to hold the $7.06 support zone and closes below the historical low of $5.06, the bullish structure invalidates.2. Downside Risk:Below $5.06, there's no significant historical support, suggesting a sharp drop is possible — potentially entering uncharted territory.3. Bearish Breakdown Trigger:Watch for weekly candle body close below $5.06 with volume — this could initiate further downside pressure.📐 Pattern Summary:Pattern Forming: Triple Bottom / Accumulation ZoneType: Reversal PatternTimeframe Validity: Weekly – suitable for mid-long-term swing outlookVolume Context: Not visible in chart, but confirmation from volume would strengthen the setup🎯 Strategic Outlook:Bias: Neutral-to-Bullish (While above $7.06)Ideal Entry: Around $7.00 with tight invalidation below $5.00Invalidation Level: Weekly close < $5.06Take-Profit Zones: $10.55 → $14.71 → $20.51 → $30.08 → $49.78#ZENUSDT #Horizen #CryptoReversal #AltcoinAnalysis #TripleBottom #TechnicalAnalysis #AccumulationZone #CryptoSwingTrade #SupportAndResistance #BullishSetup